Russ Cohen

Unveiling Immediate Fluctuations in Options Activity: SLNO, PENN, AMD

Substantial Options Activity in SLNO

Highlighted amidst today’s options trading scenario is Soleno Therapeutics Inc (SLNO), where a remarkable total volume of 19,237 contracts has been exchanged so far, equivalent to roughly 1.9 million underlying shares. This number constitutes a staggering 386.3% of SLNO’s average daily trading volume over the past month, indicative of substantial movement in the market. Particularly noteworthy was the heightened activity surrounding the $40 strike put option expiring on January 17, 2025, with 5,114 contracts traded today, representing about 511,400 underlying shares of SLNO.

Displaying chart for SLNO's trailing twelve-month trading history with the $40 strike highlighted in orange

Notable Surge in PENN Options Trading

On the other end of the spectrum, PENN Entertainment Inc (PENN) witnessed a surge in options trading volume, reaching 50,259 contracts today. This translates to approximately 5.0 million underlying shares, a substantial 151.6% of PENN’s average daily trading volume over the past month. The $17.50 strike put option expiring on January 17, 2025, saw significant activity with 7,493 contracts traded, representing around 749,300 underlying shares of PENN.

Displaying chart for PENN's trailing twelve-month trading history with the $17.50 strike highlighted in orange

Intriguing Trends in AMD Options

Finally, Advanced Micro Devices Inc (AMD) showcased a noteworthy options trading volume of 443,394 contracts, equivalent to around 44.3 million underlying shares. This volume represents an impressive 135.9% of AMD’s average daily trading volume over the past month. Notably, the $167.50 strike put option expiring on October 11, 2024, saw elevated activity with 42,000 contracts traded today, representing approximately 4.2 million underlying shares of AMD.

Displaying chart for AMD's trailing twelve-month trading history with the $167.50 strike highlighted in orange

Exploring Expirations for SLNO, PENN, or AMD Options

For further insights and available expirations related to SLNO, PENN, or AMD options, investors are encouraged to visit StockOptionsChannel.com for comprehensive data and analysis.

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